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Nippon India Income Fund

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Debt: Medium to Long Duration

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1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.20 Lakh

Suitability:

Medium to Long Duration debt funds invest mainly in bonds maturing in four to seven years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they may experience some degree of volatility in response to changes in interest rates.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -2.42 -0.13 -0.39 -2.16 -2.12 1.10 5.12 8.99 8.62 8.65 8.11
VR Bond -0.83 -0.04 -0.22 -0.98 -0.31 1.48 4.59 7.05 7.01 7.50 7.39
Debt: Medium to Long Duration -1.55 -0.06 -0.25 -1.37 -1.09 1.95 6.31 7.19 7.51 7.95 7.81
Rank within category 12 12 12 14 14 12 11 2 3 6 8
Number of funds in category 14 14 14 14 14 14 14 14 14 14 14

As on 25-Feb-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Nippon India Income Fund  | Invest Online
4 star
 Jan-98 5.12 8.99 8.62 1.77 417
ICICI Prudential Bond Fund  | Invest Now
4 star
 Aug-08 7.22 8.43 8.47 1.20 3,792
SBI Magnum Income Fund  | Invest Online
5 star
 Nov-98 7.65 9.04 9.24 1.47 1,773
IDFC Bond Fund Income Plan - Regular Plan
4 star
 Jul-00 6.18 8.90 8.44 1.97 705
Kotak Bond Fund - Regular Plan  | Invest Online
3 star
 Nov-99 6.89 8.80 8.48 1.89 1,816

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.52 11-Dec-2008 - 18-Dec-2008 -5.59 02-Jan-2009 - 09-Jan-2009
Month 14.25 18-Nov-2008 - 18-Dec-2008 -6.29 19-Jul-2013 - 19-Aug-2013
Quarter 19.98 03-Oct-2008 - 02-Jan-2009 -9.76 20-May-2013 - 19-Aug-2013
Year 22.45 04-Jan-2008 - 05-Jan-2009 -2.11 05-Jan-2009 - 05-Jan-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.23 3.73 1.22 2.26 1.71 0.36
VR Bond 7.12 2.02 1.21 2.04 -- --
Debt: Medium to Long Duration 7.36 3.54 0.98 1.86 1.24 -0.36
Rank within category 1 11 5 4 13 5
Number of funds in category 14 14 14 14 14 14

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 16 6 27
Modified Duration (yrs) 6.84 6.84 4.23 --
Average Maturity (yrs) 11.21 11.21 5.73 --
Yield to Maturity (%) 5.89 6.41 5.16 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 16.57 16.57
equal 7.27% GOI 2026 GOI Securities SOV 15.17 - 40.37 15.54
equal 6.67% GOI 17/12/2050 GOI Securities SOV 0.00 - 12.24 12.24
equal 7.59% GOI 2026 GOI Securities SOV 0.00 - 18.80 6.54
equal 6.79% BSNL 23/09/2030 Non Convertible Debenture AAA 0.00 - 6.02 6.02
equal 6.39% National Bank Agr. Rur. Devp 2030 Debenture AAA 0.00 - 6.00 6.00
equal 6.65% Food Corporation of India 23/10/2030 Debenture AAA 0.00 - 5.98 5.98
equal 5.77% GOI 2030 GOI Securities SOV 0.00 - 5.92 5.92
equal 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 17.32 5.92
equal 6.78% Maharashtra State 23/09/2032 State Development Loan SOV 0.00 - 4.88 4.88
equal 6.67% Maharashtra State 2032 State Development Loan SOV 0.00 - 1.70 1.70
equal 5.79% GOI 2030 GOI Securities SOV 0.00 - 23.82 0.10
up 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 18.22 0.04
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 16.79 0.00
equal 7.26% GOI 14/01/2029 GOI Securities SOV 0.00 - 31.94 0.00
equal 8.19% Rajasthan State 23/06/2026 State Development Loan SOV 0.00 - 0.00 0.00
equal Others Margin Money -- - 0.07

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2021

Fund Manager

— Vivek Sharma since 01-Feb-2020

Education: Mr. Vivek Sharma is a B.E (Electronics) and PGDM (Finance).

Experience: He has been associated with Reliance AMC since 2006.

Funds Managed:

Invest Online
-0.13%

Change from previous, NAV as on 25-Feb-2021

Growth: ₹ 69.6130

Dividend Yearly: ₹ 13.2043

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Dividend Quarterly: ₹ 12.9318

Dividend Monthly: ₹ 10.4761

Dividend Half Yearly: ₹ 12.1693

Bonus: ₹ 20.0133

Investment Strategy

The scheme aims to generate capital appreciation of the portfolio and optimal returns consistent with moderate risk. The scheme will predominantly invest in debt instruments, while money market investment can also go up to 50 per cent.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 100
Minimum No of Cheques 60
Minimum Withdrawal (₹) 100
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 0.25% for redemption within 15 days

Basic Details

Fund House: Nippon India Mutual Fund
Launch Date: 01-Jan-1998
Return Since Launch: 8.74%
Benchmark: NIFTY Medium to Long Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 417 Cr (As on 31-Jan-2021)
Expense: 1.77% (As on 31-Jan-2021)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly21-Dec-20200.0234

 19-Nov-20200.0791
 19-Oct-20200.1445
 20-Jul-20200.1402
 19-Jun-20200.0608
 19-May-20200.1080
 20-Apr-20200.1049
 20-Feb-20200.1927
 19-Nov-20190.0216
 22-Oct-20190.0991
 19-Sep-20190.0068
 19-Jul-20190.1668
 19-Jun-20190.2234
 20-May-20190.0689
 22-Apr-20190.0215
 19-Mar-20190.0866
 20-Feb-20190.0251
 19-Dec-20180.1013
 19-Nov-20180.0752
 19-Oct-20180.0671
 20-Aug-20180.0210
 19-Jul-20180.0238
 19-Apr-20180.0717
 19-Sep-20170.0059
 21-Aug-20170.0250
Dividend Quarterly21-Dec-20200.3091

 21-Sep-20200.0255
 19-Jun-20200.5499
 19-Mar-20200.4044
 19-Dec-20190.1284
 19-Sep-20190.2421
 19-Jun-20190.4171
 19-Dec-20180.3126
 19-Sep-20180.0491
 19-Jun-20180.0303
 19-Sep-20170.0935
 19-Jun-20170.3583
 19-Dec-20160.4317
 19-Sep-20160.5194
 20-Jun-20160.1954
 21-Mar-20160.0403
 21-Dec-20150.0687
 21-Sep-20150.1629
 19-Mar-20150.2768
 19-Dec-20140.6014
 19-Sep-20140.1301
 19-Jun-20140.4390
 19-Mar-20140.1201
 19-Dec-20130.0021
 19-Jun-20130.5726
Dividend Half Yearly21-Sep-20200.6357

 19-Mar-20200.5526
 19-Sep-20190.7378
 19-Mar-20190.4400
 19-Sep-20180.1371
 19-Sep-20170.5421
 20-Mar-20170.1144
 19-Sep-20160.7042
 21-Mar-20160.1031
 21-Sep-20150.1193
 19-Mar-20150.8268
 19-Sep-20140.4472
 19-Mar-20140.1562
 19-Mar-20130.5907
 20-Sep-20120.5127
 19-Mar-20120.5046
 19-Sep-20110.3816
 21-Mar-20110.2766
 20-Sep-20100.1789
 19-Mar-20100.1595
 22-Sep-20090.3153
 19-Mar-20090.7337
 22-Sep-20080.0677
 19-Mar-20080.6952
 19-Sep-20070.2058
Dividend Yearly19-Mar-20201.2900

 19-Mar-20190.6512
 19-Mar-20180.2276
 20-Mar-20170.8530
 21-Mar-20160.2917
 19-Mar-20151.3896
 19-Mar-20140.1197
 19-Mar-20131.2049
 19-Mar-20120.9192
 22-Mar-20110.4845
 19-Mar-20100.5941
 19-Mar-20091.2530
 19-Mar-20081.4189
 15-Mar-20040.8973
 17-Mar-20030.7240
 15-Mar-20021.3999
 15-Mar-20010.9500
 15-Mar-20001.1002
 31-Mar-19991.5000

Contact Information

AMC: Nippon India Life Asset Management Ltd.

Address: Reliance Centre, 7th Floor, South Wing Off Western Express Highway Santacruz (East) Mumbai - 400055

Phone: 022-68334800 / 18602660111

Fax: 022-33037662

Email: [email protected]

Website: http://www.nipponindiamf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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